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Fix and Flip Loan

Mixed-use | New York

Stormfield funded a $2.7M Fix and Flip Loan in New York, NY

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Mixed-use building in New York, NY

  • Loan Amount

    $2,740,000

  • LTV

    64.53%

  • Term

    12 Months

Transaction Overview

Stormfield funded a $2,740,000 hard money fix and flip loan for a highly experienced New York City investor and repeat Stormfield borrower acquiring a free-market mixed-use building in the West Village neighborhood of New York. The business plan marks residential leases to market and completes a light value-add program for the ground-floor retail space. The loan is structured at approximately 64.5% LTV, preserving meaningful equity. Underwriting weighed the lease-up plan and West Village retail demand, with the sponsor’s history of repaying Stormfield and moderate leverage supporting the structure. The deal reflects Stormfield’s disciplined approach to lending with proven repeat sponsors.

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Wesley W. Carpenter - Stormfield Capital

Wesley W. Carpenter

Co-Founder & Partner

Wesley Carpenter is a Co-Founder and Partner of Stormfield Capital. He leads the firm’s investment strategy and portfolio management, serves on both the management and investment committees, and plays a central role in credit and risk oversight across the platform. Under his leadership, Stormfield has deployed over $2 billion, spanning the origination, acquisition, and asset management of commercial and residential bridge loans.

Wes brings more than 15 years of experience in real estate credit and structured finance. Prior to founding Stormfield, he served as a Vice President at Greenwich Associates, a boutique financial services consultancy, where he advised senior executives at commercial and investment banks on balance sheet optimization and the adoption of structured credit strategies. He began his career in Corporate Development at Illinois Tool Works (NYSE: ITW), focusing on mergers and acquisitions and strategic growth initiatives across the firm’s global industrial portfolio.

He holds a B.S. from Fairfield University and an M.B.A. from Binghamton University.